Claims Adjuster - Financial Lines
Claims Adjuster - Financial Lines

Claims Adjuster - Financial Lines

Full-Time 40000 - 50000 £ / year (est.) No home office possible
Starr Companies

At a Glance

  • Tasks: Handle and manage complex claims in a dynamic environment.
  • Company: Join Starr, a global leader in commercial insurance with over a century of expertise.
  • Benefits: First-class training, career growth, and an inclusive workplace culture.
  • Other info: Collaborate with experienced colleagues and gain exposure to international claims.
  • Why this job: Develop your skills while making impactful decisions in the financial lines sector.
  • Qualifications: Knowledge of Professional Indemnity and strong communication skills.

The predicted salary is between 40000 - 50000 £ per year.

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

Role Purpose

This is an excellent opportunity for someone who is looking to develop their career in Financial Lines with an ability to work alongside experienced colleagues, gaining exposure to high-value and international claims while building their technical expertise and stakeholder management skills.

Key Responsibilities

  • Handle claims arising from Professional Indemnity class along with some exposure to Directors and Officers, Financial Institutions and Cyber.
  • Support the development and execution of claim strategies, including investigation, reserving and resolution.
  • Handle a portfolio of claims within delegated authority, with appropriate oversight.
  • Liaise with brokers, clients, loss adjusters and other external partners throughout the claims lifecycle.
  • Support negotiations and settlements, including involvement in discussions on coverage and quantum.
  • Maintain accurate and timely claims records, including use of claims systems and documentation.
  • Assist with large loss reporting and internal updates.
  • Contribute to delivering a high standard of claims service to clients and stakeholders.
  • Collaborate with underwriting and other internal teams as required.
  • Continuously develop technical knowledge and understanding of relevant classes of business.

Qualifications, skills and experience

Essential

  • Knowledge of Professional Indemnity class of business.
  • Ability to handle a portfolio of claims within delegated authority, with appropriate oversight.
  • Liaison with brokers, clients, loss adjusters and other external partners throughout the claims lifecycle.
  • Support negotiations and settlements, including involvement in discussions on coverage and quantum.
  • Maintain accurate and timely claims records, including use of claims systems and documentation.
  • Assist with large loss reporting and internal updates.
  • Contribute to delivering a high standard of claims service to clients and stakeholders.
  • Collaborate with underwriting and other internal teams as required.
  • Continuously develop technical knowledge and understanding of relevant classes of business.

Desirable

  • Exposure to complex claims across relevant lines of business.
  • Knowledge of Directors and Officers, Financial Institutions and Cyber.
  • Familiarity with claims systems (e.g. ECF, Docosoft).
  • Progress towards, or interest in pursuing, ACII (or equivalent professional qualification).

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Claims Adjuster - Financial Lines employer: Starr Companies

At Starr, located in the heart of London, we pride ourselves on fostering an entrepreneurial culture that empowers our employees to innovate and make impactful decisions. With a strong commitment to professional development, we offer first-class training opportunities and a collaborative work environment where you can grow your career in Financial Lines while handling high-value international claims alongside experienced colleagues.
Starr Companies

Contact Detail:

Starr Companies Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Claims Adjuster - Financial Lines

✨Tip Number 1

Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

✨Tip Number 2

Prepare for interviews by researching Starr and understanding their claims process. Be ready to discuss how your skills align with handling Professional Indemnity claims and other financial lines. Show them you’re not just another candidate!

✨Tip Number 3

Practice your negotiation skills! Since you'll be involved in discussions on coverage and quantum, being able to articulate your thoughts clearly and confidently will set you apart. Role-play with a friend or use online resources to sharpen those skills.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Starr team. Let’s get you that Claims Adjuster role!

We think you need these skills to ace Claims Adjuster - Financial Lines

Knowledge of Professional Indemnity class of business
Claims Strategy Development
Claims Investigation
Claims Reserving
Claims Resolution
Portfolio Management
Stakeholder Liaison
Negotiation Skills
Settlement Support
Claims Record Maintenance
Familiarity with Claims Systems (e.g. ECF, Docosoft)
Large Loss Reporting
Collaboration with Underwriting
Continuous Technical Knowledge Development

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Claims Adjuster role. Highlight your experience with Professional Indemnity and any relevant claims handling skills. We want to see how your background aligns with what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our team at Starr. Keep it concise but impactful – we love a good story!

Showcase Your Skills: In your application, be sure to showcase your technical knowledge and any experience with claims systems. Mention specific examples of how you've handled complex claims or collaborated with stakeholders in the past.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!

How to prepare for a job interview at Starr Companies

✨Know Your Claims Inside Out

Before the interview, make sure you brush up on your knowledge of Professional Indemnity and other relevant classes like Directors and Officers. Be ready to discuss specific claims scenarios and how you would handle them, as this shows your understanding of the role and its complexities.

✨Showcase Your Negotiation Skills

Since negotiations are a key part of the job, prepare examples from your past experiences where you successfully negotiated settlements or resolved disputes. This will demonstrate your ability to handle challenging situations and work effectively with clients and brokers.

✨Familiarise Yourself with Claims Systems

If you have experience with claims systems like ECF or Docosoft, be sure to mention it. If not, do a bit of research to understand how these systems work. Showing that you're tech-savvy and willing to learn can set you apart from other candidates.

✨Ask Insightful Questions

Prepare thoughtful questions about the company culture, team dynamics, and the types of claims you’ll be handling. This not only shows your interest in the role but also helps you gauge if the company is the right fit for you.

Claims Adjuster - Financial Lines
Starr Companies

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